Tax Treatment for a Condo Jointly-Owned with Adult Parent

[David Gotsill]

I was hoping for some general tax guidance (US taxes).  Of course I'll consult a professional, but I'd like to be sure that at such time I'm asking the right questions.  I seeking to understand how to (or what options are available to) treat the following scenario and if there are any particular issues I should be aware of:

Earlier this year I co-signed with my aging mother for a (convential) loan to purchase a condo in Colorado as her primary residence. We split the down payment. Going forward, she'll be living in the property and making the loan and HOA payments (or at least most of them). I'll make payments as needed, and plan to take the property when she passes away (hopefully a long ways away).

Happy to provide any other info that may be necessary in the analysis.